Market Insight

Half Day Roundup

U.S. Treasury Secretary Yellen restates to save money when necessary. The three major U.S. stock indexes closed up. The Hang Seng Index opened 129 points lower to 19,920 point. The half-day trend was volatile and once rose by 69 points, but then fell 42 points or 0.2%, to 20,007 points for the first half. China Enterprises Index fell 7 points or 0.1% to 6,829 point; Hang Seng Technology Index rose 54 points or 1.3% to 4,253 point. The market's half-day turnover was HK$66.1 bn. Lenovo (992) continued to perform well and its share price rose 10.1% to HK$8.94. Tencent (700) rose 1.3% to HK$380.6 after the earning results, with the highest peak at HK$387.4.

Source: KGI Asia Investment Strategy

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